Singapore’s central bank leaves policy unchanged

Singapore’s central bank left its monetary policy settings unchanged on Wednesday, as widely expected, and said its current accommodative policy stance remained appropriate.The Monetary Authority of S

Singapore’s central bank left its monetary policy settings unchanged on Wednesday, as widely expected, and said its current accommodative policy stance remained appropriate. The Monetary Authority of Singapore (MAS) manages monetary policy through exchange rate settings, rather than interest rates, letting the Singapore dollar rise or fall against the currencies of its main trading partners within an undisclosed band. “As core inflation is expected to stay low this year, MAS assesses that an accommodative policy stance remains appropriate,” the central bank said in its statement.